🚨 UK's National Audit Office (NAO) calls out the Financial Conduct Authority (FCA) for being a slowpoke in regulating the crypto industry! 😅

- NAO says it took FCA nearly 3 years to act against illegal crypto ATMs 🏧

- FCA's delay in registering crypto firms blamed on lack of specialized personnel 🧑‍💻

- Only 41 out of 300 crypto firm applications approved since Jan 2020 📊

- FCA recently released guidance material to help firms understand new crypto promotion rules 📚

Let's hope the FCA can catch up and keep the crypto space safe! 🚀